STM is Undervalued
STM is at an important support level and near the bottom of the uptrend channel I have drawn.
It is priced quite low according to both financial statements and many analysts. As a result, STM offers a good entry point for a long term investment.
Currently, the average buying zone is in the $30-31 area, but if the market allows buying, the $27-28 area is the ideal buying zone.
It is priced quite low according to both financial statements and many analysts. As a result, STM offers a good entry point for a long term investment.
Currently, the average buying zone is in the $30-31 area, but if the market allows buying, the $27-28 area is the ideal buying zone.
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